Travel Medical Insurance: You’re Covered with These Credit Cards

Charlotte Sinclair
by Charlotte Sinclair May 26, 2016 / No Comments

In Canada, we’re used to most medical expenses being covered by government insurance plans. However, when traveling to another province or country, medical expenses can become costly. If you find yourself in a predicament where you need medical insurance, you can benefit from credit card travel insurance that includes medical coverage.

Travel medical insurance can help cover the unexpected expenses associated with hospital fees, nursing care, and ambulances. There are a number of credit cards that contain coverage to help with these expenses. Most credit card insurance plans will provide coverage for a set length of time. Although some will extend the coverage for up to three days if you’re delayed returning home (for example, you’re in a car accident). If you’re looking for a credit card with excellent travel medical insurance, consider these three cards.

Scotiabank Gold American Express Insurance

Scotiabank Gold American Express Card

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  • Coverage up to $1 million
  • Coverage for first 25 days if you’re under 65 or for first 10 days if you’re 65 or older
  • Coverage applies to the cardholder and the spouse of dependent child of the primary cardholder

The Scotiabank Gold American Express card offers coverage for a considerably long period of time: 25 days. And it provides up to $1 million in coverage. In order to be eligible for the card, your account must be in good standing. This is also the only card that offers coverage for those over the age of 65.

BMO World Elite MasterCard Insurance

BMO World Elite MasterCard

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  • Coverage up to $2 million (must be under 65 years of age)
  • Coverage for first 21 days
  • Coverage applies to the cardholder and the spouse of dependent child of the primary cardholder

The BMO World Elite MasterCard offers coverage up to $2 million. However, it only covers the first 21 days of travel outside your province of residence. In order to be eligible for this travel medical emergency insurance, you must be under 65 years of age and your credit card account must be in good standing. With the travel insurance on this MasterCard credit card, you wont have to worry about unexpected hospital bills, dental care expenses, or additional accommodation expenses due to medical emergency.

American Express Gold Rewards Travel Insurance

American Express Gold Rewards Card

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  • Coverage up to $5 million (must be under 65 years of age)
  • Coverage for first 15 days
  • Coverage applies to the cardholder and the spouse of dependent child of the primary cardholder

Of the three cards we recommend, the American Express Gold Rewards Card provides the most travel medical emergency coverage: Up to $5 million. However, you’re only covered for the first 15 days outside your province of residence. In order to be eligible for the insurance coverage, you must be under 65 years of age and your account must be in good standing.

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